- US markets were down for about a percent Yesterday.
- Asian markets are mixed.
- SGX Nifty is higher by 60 points.
- Global markets have went into profit booking Yesterday but right now U.S Futures are higher.
- Yesterday we witnessed a severe fall but we didn't broke the support area.
- Yesterday the low for Nifty was near 14200.
- Yesterday I mentioned that this is an Opportunity to sell puts and the premiums were really high Yesterday.
- By selling 13800 PE which is 400 Points away from Spot one could 4% return in just 3 working days.
- India VIX was up 10% Yesterday.
- Expecting it to go lower today.
- At one Point of time Bank Nifty was down 1500 Points but recovered almost 900 points from the lows.
- Corona Virus Situation is getting worse day by day.
- By sense is it will worsen it coming days.
- The top has not been made yet for Covid Cases.
- FII's have turned sellers Yesterday whereas DII's supported the Markets at lower levels.
- I would be bearish in short term only if we break 14200 on Nifty.
- Above 14200 theres no reason to be bearish
- It's a buy on dip opportunity on every correction.
- Nifty might Trade between 14240 to 14560 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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